IPC enters New York with Elder Medical buy

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Staff
L.A. Biz

IPC The Hospitalist Company Inc., a hospitalist physician group practice company, has entered the New York market with its purchase of Elder Medical Services P.C., which has operations in the Buffalo and Syracuse areas.

The Elder practice is comprised of physicians and nurse practitioners who manage and provide care in local nursing homes and assisted living facilities. Elder's providers are the primary caregivers for residents of these facilities as well as for patients discharged to these facilities after an acute care hospital stay.

With the deal, North Hollywood-based IPC (Nasdaq: IPCM) will have operations in 28 states.

"IPC has now established post-acute hospitalist services in most of our markets,” Dr. Adam Singer, chairman and chief executive of IPC, said in a statement. “Through the integration of acute and post-acute services IPC is improving the continuum of care, which in turn can help reduce hospitalizations and readmission rates, lowering costs throughout the system while improving patient outcomes."

Dr. Stephen Evans, founder and co-owner of Elder, will continue with the group as an IPC Practice Group Leader.

"IPC has established a track record of leadership and innovation in facility-based patient care, both in acute and post-acute settings,” Evans said. “Our post-acute hospitalists look forward to accessing IPC's management capabilities, recruiting resources, and performance monitoring systems in order to better serve our facilities in the Buffalo and Syracuse communities."

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